Inheritance Tax Sample Clauses

Inheritance Tax. No asset owned by the Company, nor the Sale Shares, is subject to any Inland Revenue charge as mentioned in sections 237 and 238 of the Inheritance Tax A▇▇ ▇▇▇▇ or is liable to be subject to any sale, mortgage or charge by virtue of section 212(1) of Inheritance Tax A▇▇ ▇▇▇▇.

Inheritance Tax. 23.5.1 No transfers of value and associated operations The Company has made no transfers of value within sections 94 and 202, ITA nor has the Company received a transfer of value such that liability might arise under section 199, ITA nor has the Company been party to associated operations in relation to a transfer of value as defined by section 268, ITA. 23.5.2 Inland Revenue charge There is no unsatisfied liability to inheritance tax attached to or attributable to the Shares or any asset of the Company and none of them are subject to an Inland Revenue charge as mentioned in section 237 and 238, ITA. 23.5.3 Power of sale, mortgage or charge No asset owned by the Company nor the Shares are liable to be subject to any sale, mortgage or charge by virtue of section 212, ITA.

Inheritance Tax. 13.1 The Company is not liable, to be assessed to inheritance tax or any other Taxation as donor or donee of any gift, or transferor or transferee of value and as far as the Sellers are aware there are no other circumstances by reason of which any liability in respect of inheritance tax has arisen or could arise for the Company or any charge in relation to unpaid inheritance tax has arisen or could arise in respect of the assets of the Company or the Shares.

Inheritance Tax. The Company is not, and will not become, liable to be assessed to inheritance tax as donor or donee of any gift or transferor or transferee of value (actual or deemed) nor as a result of any disposition, chargeable transfer or transfer of value (actual or deemed) made by or deemed to be made by any other person. There is no unsatisfied liability to inheritance tax attached or attributable to the Shares or any asset of the Company and in consequence no person has the power to raise the amount of such tax by sale or mortgage of or by a terminable charge on any of the Shares or assets of the Company as mentioned in section 212 of the ITA and none of the Shares or assets of the Company are subject to an Inland Revenue charge within section 237 of the ITA. VALUE ADDED TAX

Inheritance Tax. Neither the assets nor the shares of any Group Company are, or may be, subject to any charge by virtue of section 237 of the Inheritance Tax ▇▇▇ ▇▇▇▇ and no person has or may have power under section 212 of the Inheritance Tax ▇▇▇ ▇▇▇▇ to raise any capital transfer tax or inheritance tax by sale or mortgage of, or a charge on any of the assets or shares of any Group Company.

Inheritance Tax. (i) Neither the Company nor any Subsidiary has: (A) made any transfer of value within sections 94 and 202 of IHTA 1984; or (B) received any value such that liability might arise under section 199 of IHTA 1984; or (C) been a party to associated operations in relation to a transfer of value as defined by section 268 of IHTA 1984. (ii) There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Shares or any asset of the Company or any Subsidiary. None of them are subject to any HM Revenue & Customs charge as mentioned in section 237 and 238 of IHTA 1984. (iii) No asset owned by the Company or any Subsidiary, nor the Shares, are liable to be subject to any sale, mortgage or charge by virtue of section 212(l) of IHTA 1984.

Inheritance Tax. (i) The Company has not entered into any transaction which has or may give rise to a direct or indirect charge to inheritance tax. (ii) The Company is not liable to be assessed to inheritance tax by virtue of Part VII Inheritance Tax ▇▇▇ ▇▇▇▇. (iii) No circumstances exist whereby any person could have the power to raise an amount of inheritance tax by sale or mortgage of or by a terminable charge on any of the Shares or assets of the Company as specified in Section 212 Inheritance Tax ▇▇▇ ▇▇▇▇. (iv) None of the Shares or assets of the Company is subject to an Inland Revenue charge within Section 237 Inheritance Tax ▇▇▇ ▇▇▇▇. (v) The Company is not entitled to an interest in possession in settled property.

Inheritance Tax. No shares in or assets of the Company are or may be subject to any charge by virtue of section 237 IHTA, no person has or may have power under section 212 IHTA to raise inheritance tax by sale or mortgage of, or a terminable charge on, any of the Company’s assets or shares and the Company has not made any transfer of value to which part IV IHTA might apply.

Inheritance Tax. 3.19.1 The Company has not made a transfer of value (as defined in ITA s3 (Transfers of value)). 3.19.2 No Inland Revenue charge for unpaid inheritance tax (as provided by ITA ss237 and 238 (Inland Revenue charge for unpaid tax)) is outstanding over an asset of the Company or in relation to shares in the capital of the Company. 3.19.3 There are not in existence any circumstances whereby any power mentioned in ITA s212 (Powers to raise tax) could be exercised in relation to any shares, securities or other assets of the Company, or could be exercised but for ITA s204(6) (Limitation of liability).